NASHVILLE, TENN. (RFD NEWS) — The Consumer Price Index (CPI) for December was released early Tuesday morning by the U.S. Bureau of Labor and Statistics, and the markets are responding kindly.
The numbers show consumer inflation rose 0.3 percent last month. However, that is 0.10 percent lower than expected. Year over year, consumer inflation is up 2.7 percent. Shelter was the largest increase in December, while the food index rose by 0.7 percent.
On Wednesday, the Bureau will release a companion report, the Producer Price Index (PPI), which provides a read on farmer spending. Join us on Market Day Report for expert analysis on that data and what it means for the ag industry as we head into the new year.
Related Stories
Co-Bank Lead Dairy Economist, Corey Geiger, joined us on Friday’s Market Day Report for a further look at the drop in replacement heifers and the trend’s longterm impact on dairy producers and cattle prices.
Betsy Jibben with Ag Market Consulting takes us behind the scenes on report day with AgMarket.net.
The network includes labs across the country that track diseases like New World Screwworm, which could see a rise in cases with hurricane season approaching.
Ag Secretary Brooke Rollins made the announcement yesterday at the grand opening of a new food safety lab in Missouri, where researchers will do Listeria testing.
Wholesale egg prices decreased by 64% from their peak in late 2024, while retail prices have dropped by 27%, according to a recent USDA update.
